PSU IN MEDIA
Nalco Q2 net jumps from Rs 4.78 crore to Rs 179 crore
New Delhi, National Aluminium Company reported manifold jump in net profit at Rs 179.17 crore for the July-September quarter, primarily due to rise in revenues from chemicals business and decline in the power and fuel costs. NALCO had reported net profit of Rs 4.78 crore for the second quarter of last fiscal (2012-13).
Net sales of the company in Q2, 2013-14 rose by 7.83 per cent to Rs 1,710.09 crore . Nalco said in a filing to the BSE. The company's chemicals business, which dislodged aluminium from being the main business in Q2, increased by 49 per cent to Rs 965.50 crore.
Nalco managed to cut its expenditure to Rs 1,599.17 crore in Q2, from the levels of Rs 1,733.88 crore a year ago, as its expenses on power and fuel declined 32 per cent to Rs 513.15 crore. Millennium post.
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC